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4.1. Perpetual qualifying hybrid capital instruments

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4. Components of Tier 2 Capital

4.1. Perpetual qualifying hybrid capital instruments

4.2. Subordinated debt

4.3. Legal opinions on Tier 2 Capital instruments

4.4. Other Tier 2 Capital instruments

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4.1. Perpetual qualifying hybrid capital instruments

An AIFC-Incorporated Takaful Operator may only include perpetual qualifying hybrid capital instruments as part of its Tier 2 Capital if:
(a) they are unsecured, subordinated and fully paid-up;
(b) they are perpetual; and
(c) they are available to absorb losses on a going concern basis.

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4.1. Perpetual qualifying hybrid capital instruments

An AIFC-Incorporated Takaful Operator may only include perpetual qualifying hybrid capital instruments as part of its Tier 2 Capital if:
(a) they are unsecured, subordinated and fully paid-up;
(b) they are perpetual; and
(c) they are available to absorb losses on a going concern basis.

4.1. Perpetual qualifying hybrid capital instruments

An AIFC-Incorporated Takaful Operator may only include perpetual qualifying hybrid capital instruments as part of its Tier 2 Capital if:(a) they are unsecured, subordinated and fully paid-up;(b) they are perpetual; and(c) they are available to absorb losses on a going concern basis.

An AIFC-Incorporated Takaful Operator may only include perpetual qualifying hybrid capital instruments as part of its Tier 2 Capital if:
(a) they are unsecured, subordinated and fully paid-up;
(b) they are perpetual; and
(c) they are available to absorb losses on a going concern basis.